Five-Unit Multifamily
For Sale
$806,000
1609 N Front St, Harrisburg, PA 17102
Five one-bedroom apartments with on-site laundry in a classic 1920 building.
Property Size4,562 SF
Lot Size0.19 Acres
Price / SF$176.68
Days on Market201
Property Features for 1609 N Front St
General Information
Standard status
Active
Size
4,562 SF
Lot size
0.19 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Building Details
Building Size
4,562 SF
Year Built
1920
Units
5
Listing Agency:
NAI CIR
Listed By:
Nik Sgagias · License #AB069294
(717) 439-9453
Source:
Commercialcafe
Added: Apr 3
Changed: Oct 8
Last Checked: Oct 19 at 4:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI CIR
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Investment Insights
Based on property information with market context.
This five-unit multifamily property at 1609 N Front St offers all 1-bedroom apartment homes. The building totals 4,562 square feet and includes on-site laundry for tenant convenience.
Originally built in 1920, the property presents a classic structure designed for steady residential rental use.
The site covers 0.1864 acres and supports the existing five-unit configuration.
Originally built in 1920, the property presents a classic structure designed for steady residential rental use.
The site covers 0.1864 acres and supports the existing five-unit configuration.
Key Highlights
- Five‑unit multifamily at 1609 N Front St, Harrisburg, with all 1‑bedroom apartments
- 4,562 SF building built in 1920
- Sits on 0.1864 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,288
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,760
$725.8K
Cap Rate 7%
$518,400
$518.4K
Cap Rate 9%
$403,200
$403.2K
Market Conditions
NOI Build-Up for 4,562 SF
Gross rent
$71.7K $15.72/SF
− Vacancy
−$5.7K −$1.26/SF
EGI
$66.0K $14.46/SF
− OpEx
−$29.7K −$6.51/SF
NOI
$36.3K $7.95/SF
Area
Dauphin County, PA
Vacancy
8.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,760
Cap Rate 7%
$518,400
Cap Rate 9%
$403,200
Alternative Uses
Best Use
Apartment 5plus
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.40M
$7.35M – $9.80M
NOI $588,156 @ 7.0% cap · market cap 72.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
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Business Placement
Demographics for 17102, PA
7,989
Population
5,105
Households
1.6
Avg Household Size
37
Median Age
50%
College-Educated
91%
High-School Grad
0.8 sq mi
ZIP Area
9,986
Density / Sq Mi
$55,369
Median Household Income
$47,544
Median Earnings
$1,062
Median Rent
$172,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five one-bedroom apartments with on-site laundry in a classic 1920 building.
Where is this apartment building located?
The property is located at 1609 N Front St Harrisburg, PA.
What is the asking price?
The asking price for this property is $806,000.
What are key features of this property?
This property features: Five‑unit multifamily at 1609 N Front St, Harrisburg, with all 1‑bedroom apartments; 4,562 SF building built in 1920; Sits on 0.1864 acres
